Europe: Coldest Winter in 1,000 Years On Its Way, Connected To Gulf Stream Changes, Say Scientists

See also:

Life on this Earth Just Changed: The North Atlantic Current is Gone

Loop Current in the Gulf of Mexico Has Stalled From BP Oil Disaster!

Global Cooling and the New World Order:

The 58th Bilderberg Meeting will be held in Sitges, Spain 3 – 6 June 2010. The Conference will deal mainly with Financial Reform, Security, Cyber Technology, Energy, Pakistan, Afghanistan, World Food Problem, Global Cooling, Social Networking, Medical Science, EU-US relations.

Yes, ‘Global Cooling’ was on the Bilderberg agenda!

Global warming is a scam:

Professor Harold Lewis: ‘Global Warming Is The Greatest And Most Successful Pseudoscientific Fraud I Have Seen In My Long Life’

Kiwigate: Global Warming Scam Revealed in Court


Coldest winter in 1,000 years on its way

After the record heat wave this summer, Russia’s weather seems to have acquired a taste for the extreme.

Forecasters say this winter could be the coldest Europe has seen in the last 1,000 years.

The change is reportedly connected with the speed of the Gulf Stream, which has shrunk in half in just the last couple of years. Polish scientists say that it means the stream will not be able to compensate for the cold from the Arctic winds. According to them, when the stream is completely stopped, a new Ice Age will begin in Europe.

So far, the results have been lower temperatures: for example, in Central Russia, they are a couple of degrees below the norm.

“Although the forecast for the next month is only 70 percent accurate, I find the cold winter scenario quite likely,” Vadim Zavodchenkov, a leading specialist at the Fobos weather center, told RT. “We will be able to judge with more certainty come November. As for last summer’s heat, the statistical models that meteorologists use to draw up long-term forecasts aren’t able to predict an anomaly like that.”

In order to meet the harsh winter head on, Moscow authorities are drawing up measures to help Muscovites survive the extreme cold.

Most of all, the government is concerned with homeless people who risk freezing to death (The government? Sure!) if the forecast of the meteorologists come true. Social services and police are being ordered to take the situation under control even if they have to force the homeless to take help.

Read moreEurope: Coldest Winter in 1,000 Years On Its Way, Connected To Gulf Stream Changes, Say Scientists

Ireland: State can no longer borrow money

See also:

Irish ‘Groundhog Day’ & Ireland Cancels All Remaining 2010 Bond Auctions Due To Market ‘Turbulence’

Europe: Bond Refinancings Outweigh Deficit Reduction Plans


IRELAND CAN no longer borrow on the international markets because its “sovereign creditworthiness is gone”, Fine Gael finance spokesman Michael Noonan has said. He said that “Anglo Irish Bank was supposed to be too big to fail”, but “it was too big to save. That is the real position.”

Mr Noonan warned that “we have almost reached the point of the rescue of Anglo Irish Bank bringing down this country with the Minister being forced this morning to announce the closure of the bond markets.

“The closure of the bond market means the sovereign State is in deep trouble because it cannot borrow money.”

Speaking during the Dáil debate on the total expected exchequer cost of bailing out the banking system, Mr Noonan said the Government’s banking strategy had collapsed.

Mr Noonan described the figures as an “appalling disaster” and said the Government made the “calamitous mistake of guaranteeing all Anglo Irish Bank’s liabilities”. Months after nationalistation, the Minister said the potential liability would not exceed €4.5 billion.

“I accept you were misled and misinformed and so on, but there is a huge gap between €4.5 billion and the €34 billion potential final cost of Anglo,” he told Minister for Finance Brian Lenihan.

Ireland was now “left in the situation of having to cancel next month’s bond auction” because the country does not have creditworthiness any more and could not sell the bonds at an affordable price. That is the bottom line on the banking strategy the Government has pursued for two years.”

Read moreIreland: State can no longer borrow money

Europe: Bond Refinancings Outweigh Deficit Reduction Plans

Oct. 4 (Bloomberg) — Record refinancing needs for Europe’s highest-deficit nations may overshadow spending cuts next year and increase the risk that more countries will follow Greece in requiring a rescue to avoid default.

Euro-region governments have to repay 582 billion euros ($803 billion) of debt in 2011, up from 521 billion euros this year, according to estimates from ING Groep NV. Spain has to roll over almost 20 percent of its outstanding loans, government figures show. Portugal has 23 billion euros of debt coming due and Ireland has more than 10 billion euros, according to data compiled by Bloomberg.

“I can’t ignore what’s going on in Ireland and Portugal, and the path of least resistance is for wider spreads or higher yields for both,” said Padhraic Garvey, head of developed market strategy at ING in Amsterdam. “I’m not predicting they will need a bailout next year. I’m just highlighting the risk.”

The extra yield investors demand for holding 10-year Irish bonds rather than German bunds rose last week to 454 basis points, the most since the introduction of the euro. It spread was at 418 basis points today. The yield premium for 10-year Greek bonds was 786 basis points more than Germany, the most of any euro nation. It was 183 basis points for Spain today and 386 basis points for Portugal.

“I’m not sure if yield spreads at these levels justify the risk,” said Christoph Kind, head of asset allocation at Frankfurt Trust, which oversees about $20 billion. “There is a significant amount of debt that’s needed to be refinanced, and we don’t know what the market situation will be like. You may argue that you get rewarded for taking that risk given the high yields. We prefer to be cautious.”

Backstop Fund

A 750 billion-euro backstop arranged by the European Union and the International Monetary Fund has failed to allay investor concern that some of the so-called euro-peripheral countries may buckle under the weight of their debt.

Spain had its top credit rating cut one level on Sept. 30 to Aa1 from Aaa by Moody’s Investors Service, which cited the nation’s “weak” economic outlook. The Irish government said the same day that costs to bail out the country’s banks may reach about 50 billion euros, equal to roughly 33 percent of the nation’s output.

Read moreEurope: Bond Refinancings Outweigh Deficit Reduction Plans

Irish ‘Groundhog Day’ & Ireland Cancels All Remaining 2010 Bond Auctions Due To Market ‘Turbulence’

See also:

Ireland: State can no longer borrow money

Europe: Bond Refinancings Outweigh Deficit Reduction Plans


Ireland Cancels All Remaining 2010 Bond Auctions Due To Market “Turbulence”

Apparently in Ireland, a global stock market that surges up 10% in a month to celebrate the latest obliteration of the purchasing power of the American middle class is considered “turbulence.” This is precisely the excuse given by Irish PM Brian Cowen when asked why he has cancelled all bond auctions for the rest of the year. Surely, the market is buying it. Cowen also added that he doesn’t need funds at rates of 6.8 to 6.9%. What is hilarious is that he will need the funds much more in 3 months when the rates are double that, now that the country is openly nationalizing each and every bank, and will fund these “acquisitions” with tens of billions it doesn’t have.

From Bloomberg:

Irish Prime Minister Brian Cowen  said that his government decided to cancel bond auctions for the rest of the year because of “turbulence” in bond markets, and the state is already funded into next year. He made the comments in an interview with national broadcaster RTE.

“We are funded until next May,” Cowen said. “There has been such turbulence in the markets, since we don’t require those funds immediately why would we be going to get funds at rates such as 6.8 or 6.9 percent.”

(I could not find this Bloomberg article anymore. ???)

Submitted by Tyler Durden on 09/30/2010 12:55 -0500

Source: ZeroHedge


Irish `Groundhog Day’ Leaves Lenihan Battling Biggest Deficit

Oct. 1 (Bloomberg) — It must feel like deja vu for taxpayers and investors in Ireland.

Finance Minister Brian Lenihan said yesterday he cleaned up the mess left by “reckless” bankers. Now he has to turn back to tackling the largest budget deficit in the history of the euro region after the premium bondholders demand to buy Irish debt climbed to a record this week.

“It’s a bit like groundhog day, like you’ve been on the wrong road and have to come back and start all over again,” said Alan McQuaid, chief economist at Bloxham Stockbrokers in Dublin. “It’s a long way home.”

Ireland was among the first countries to react to the global credit crisis, avoiding going the way of Iceland, or later Greece, by bolstering its banks and then cutting spending and raising taxes. As what was Europe’s fastest-growing economy as recently as 2006 buckles under the weight of bank debt, the nation once more is trying to stave off financial ruin.

The government is taking control of Allied Irish Banks Plc and injecting extra cash into the previously nationalized Anglo Irish Bank Corp., raising the cost of the rescue to as much as 50 billion euros ($68 billion), Lenihan said yesterday.

Read moreIrish ‘Groundhog Day’ & Ireland Cancels All Remaining 2010 Bond Auctions Due To Market ‘Turbulence’

US government to issue terror warning to Americans in Europe

And the US government knows exactly when and where Al-Qaeda will strike:

Al Qaeda Doesn’t Exist or How The US Created Al Qaeda (Documentary)

The truth is:

“The truth is, there is no Islamic army or terrorist group called Al Qaeda. And any informed intelligence officer knows this. But there is a propaganda campaign to make the public believe in the presence of an identified entity representing the ‘devil’ only in order to drive the TV watcher to accept a unified international leadership for a war against terrorism. The country behind this propaganda is the US.”
– Robin Cook, Former British Foreign Secretary

Expect, if anything, another inside job!


US government to issue travel alert warning citizens to be vigilant while travelling in Europe as fears of al-Qaida attack rise


The Eiffel Tower has been evacuated twice in two weeks over security fears. Photograph: Gonzalo Fuentes/Reuters

The US government is to warn its citizens to stay away from high-profile sites in Europe amid renewed fears over al-Qaida terrorist attacks, reports said today.

US and UK officials are understood to have been in contact over the possibility of a broad alert being issued, possibly as early as today, with significant implications for tourism across Europe.

High-profile tourist sites and transport hubs are expected to be highlighted as potential targets for an attack.

However, reports suggested the warning was likely to be vague and urged people to be cautious rather than cancelling their travel plans altogether.

A senior US state department official said: “We are considering issuing an alert [today]. The bottom line is travel, but be vigilant.”

PJ Crowley, a state department spokesman, would not comment on specific threats, but said the US remained focused on al-Qaida threats to US interests and would take appropriate steps to protect Americans.

Read moreUS government to issue terror warning to Americans in Europe

Joseph Stiglitz: The Euro May Not Survive

It is correct that the euro, the dollar and the pound will not survive and that a new world currency will be proposed as the only solution to all problems.

Deficit spending (Keynesianism) is an invention of elite criminals that want to loot and bankrupt the people:

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
– Alan Greenspan

“When a country embarks on deficit financing and inflationism you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul


Joseph Stiglitz, one of the world’s leading economists, has warned that the future of the euro is “looking bleak” and the fragile European economic recovery could be irreparably damaged by a “wave of austerity” sweeping the continent.


Joseph Stiglitz, the Nobel prize winner, warned that speculators are putting pressure on Spain

The former chief economist of the World Bank and a Nobel prize winner also predicted that short-term speculators in the market could soon start putting pressure on Spain, which is struggling with a large deficit and high unemployment. Last week, Moody’s cut the country’s credit rating from AAA to Aa1.

The former adviser to President Bill Clinton also says that the banking sector has gone back to “business as usual” too quickly and that there are still risks of another financial crisis despite some improvements in regulation.

Mr Stiglitz, now a professor at Columbia Business School, makes the arguments in an updated edition of his book, Freefall, on the credit crunch. In the new material, exclusively extracted in today’s Sunday Telegraph, he reveals fears that governments around the world will attempt to cut their deficits too quickly and risk a double dip recession.

Tomorrow, George Osborne will outline the Government’s latest plans for multi-billion pound public sector cuts to tackle the historically-high UK deficit. He has faced criticism that the Coalition is in danger of cutting too hard and too fast but the Chancellor has said that without a credible programme for getting the UK economy into balance, interest rates will rise and growth will be choked off.

“The worry is that there is a wave of austerity building throughout Europe and even hitting America’s shores,” Mr Stiglitz said. “As so many countries cut back on spending prematurely, global aggregate demand will be lowered and growth will slow – even perhaps leading to a double-dip recession.

“America may have caused the global recession but Europe is now responding in kind.”

Mr Stiglitz warned that Spain, similarly to Greece, was now in the speculators’ sights.

Read moreJoseph Stiglitz: The Euro May Not Survive

Greece: Bilderberg PM Papandreou Pledges to Probe Role of Foreign Banksters (Goldman Sachs) in Financial Meltdown

Oh, sure!

Bilderberg 2000 with Papandreou

Bilderberg 2010 with Minister of Finance George Papaconstantinou

So don’t hold your breath!

loyd-blankfein-orc
Loyd Blankfein (Lord Blankfein)

See also:

Greece: Beyond $1.2 Trillion Debt, $250,000 Per Working Adult

Top German Economist: EU Austerity Policies Risk Civil War In Greece

Greece Puts Its Islands Up For Sale In Order To Survive

Flashback:

Greek Central Bank Accused of Encouraging Naked Short Selling of Greek Bonds

And remember that the biggest Greek CDS speculator has been the state-controlled Hellenic Post Bank with help from (Yes, you are right!) Goldman Sachs:

State-controlled Hellenic Post Bank (TT) bet against Greece (Kathimerini)

Fragwürdige Finanzgeschäfte Griechen wetten auf eigene Pleite (Sueddeutsche Zeitung)

The state-controlled Hellenic Post Bank was betting on Greece going bankrupt!

Somebody needs to probe the role of the banksters, the central bank and the government!


Greece plans parliamentary probe of foreign banks

greece-001b

Greece’s prime minister pledged Thursday that a parliamentary commission would examine the reasons behind Greece’s finance crisis and the role played by US banking giant Goldman Sachs, reports said.

Prime Minister George Papandreou told a press conference reserved for Greek media that the panel would be set up by the end of the year.

“In the context of this parliamentary commission on the economy … we are going to look into the participation of foreign institutions in the Greek problem,” he said in a report carried by the semi-official ANA press agency.

He added that the probe would look back as far as 2001, the year Greece entered the eurozone, and that among its targets would be Goldman Sachs.

Read moreGreece: Bilderberg PM Papandreou Pledges to Probe Role of Foreign Banksters (Goldman Sachs) in Financial Meltdown

Moody’s Cuts Last of Spain’s Triple-A Ratings

spain_flag_burning1

And the people will be footed with the bill created by elite criminals that control all governments and are bankrupting one country after the other.

This is just the beginning for Spain.  Next are  Ireland, Portugal, Italy, the UK and France.


* Cuts Spain ratings to Aa1 vs AAA on weak growth outlook

* Says Spain vow on deficit key to just one notch downgrade

* Does not expect another rating cut any time soon

moodys-logo

MADRID, Sept 30 (Reuters) – Moody’s Investor Service cut Spain’s credit to Aa1 from AAA on Thursday, removing the last of its highly-valued triple-A ratings but saying it did not expect to cut again soon thanks to efforts at fiscal reform.

The one notch downgrade was widely discounted by the markets, following cuts by Standard and Poor’s in April and by Fitch Ratings in May.

Spain is one of the countries being watched most closely by financial markets in Europe’s struggle with billowing debt, but investors have so far given it an easier ride than Ireland and Portugal.

Read moreMoody’s Cuts Last of Spain’s Triple-A Ratings

Medicinal Herbs Will Disappear in EU, Big Pharma Wins

In the New World Order, planned by elite criminals, the people are about to lose everything.


It’s almost a done deal. We are about to see herbal preparations disappear, and the ability of herbalists to prescribe them will also be lost.

Big Pharma Scores Big Win: Medicinal Herbs Will Disappear in EU

Big Pharma has almost reached the finish line of its decades-long battle to wipe out all competition. As of 1 April 2011-less than eight months from now-virtually all medicinal herbs will become illegal in the European Union. The approach in the United States is a bit different, but it’s having the same devastating effect. The people have become nothing more than sinks for whatever swill Big Pharma and Agribusiness choose to send our way, and we have no option but to pay whatever rates they want.

Big Pharma and Agribusiness have almost completed their march to take over every aspect of health, from the food we eat to the way we care for ourselves when we’re ill. Have no doubt about it: this takeover will steal what health remains to us.

If you want to skip the text and find out what you can do, click here.

It Begins Next April Fools Day

In the nastiest April Fool’s Joke of all time, the European Directive on Traditional Herbal Medicinal Products (THMPD) was enacted back on 31 March 2004.(1) It laid down rules and regulations for the use of herbal products that had previously been freely traded.

This directive requires that all herbal preparations must be put through the same kind of procedure as pharmaceuticals. It makes no difference whether a herb has been in common use for thousands of years. The costs for this are far higher than most manufacturers, other than Big Pharma, can bear, with estimates ranging from £80,000 to £120,000 per herb, and with each herb of a compound having to be treated separately.

It matters not that a herb has been used safely and effectively for thousands of years. It will be treated as if it were a drug. Of course, herbs are far from that. They’re preparations made from biological sources. They aren’t necessarily purified, as that can change their nature and efficacy, just as it can in food. It’s a distortion of their nature and the nature of herbalism to treat them like drugs. That, of course, makes no difference in the Big Pharma-ruled edifice of the EU, which has enshrined corporatism in its constitution.

Dr. Robert Verkerk of the Alliance for Natural Health, International (ANH) describes the problem of requiring drug-like compliance on herbal preparations:

Getting a classical herbal medicine from a non-European traditional medicinal culture through the EU registration scheme is akin to putting a square peg into a round hole. The regulatory regime ignores and thus has not been adapted to the specific traditions. Such adaptation is required urgently if the directive is not to discriminate against non-European cultures and consequently violate human rights.(2)

Trade Law

To best understand how this can be happening, one needs to see that trade laws have been at the center of the moves to place all aspects of food and medicine under the control of Big Pharma and Agribusiness.

Read moreMedicinal Herbs Will Disappear in EU, Big Pharma Wins

EU Legislation Puts An End To Herbal Medicine As We Know It

See also:

Medicinal Herbs Will Disappear in EU, Big Pharma Wins


EU Legislation Puts Herbal Medicine Under Threat

passion-flower-is-a-remedy-for-insomnia-and-anxiety
Passion flower is a remedy for insomnia and anxiety

Sept. 19 — With strict European legislation due to come into force next April, will some age-old herbal remedies on sale in health food stores today become, quite literally, a thing of the past?

Industry professionals met in Bologna, Italy last week for a conference held at SANA, the international natural products trade fair, to discuss the future of their sector. From April 2011, all member states will have to comply with a European Union directive which specifies that all herbs produced, manufactured and sold in the EU must be classified as either foods or medicines.

Read moreEU Legislation Puts An End To Herbal Medicine As We Know It